Should You Buy Yocoin (YOC) Tuesday?

Tuesday, February 01, 2022 05:36 PM | InvestorsObserver Analysts

Yocoin receives a strong short-term technical score of 88 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. YOC holds a better recent technical analysis than 88% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Yocoin a 88 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Yocoin!

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Trading Analysis

Yocoin is $0.000048 (44.61%) above its 30-day low of $0.000107148 while -$0.000215 (-58.08%) below its 30-day high of $0.00036967. In addition, YOC's current price of $0.000154950 is under its 30-day moving average price of $0.000190141, leading to a strong short-term technical score. Overall the recent trading history of Yocoin suggest that investors are bullish on the coin at the moment. YOC has a low market cap compared to the majority of coins with a total market value of $57,278.68. Yocoin's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Yocoin's average volume is low as $256.13 worth of the coin is typically traded over a 24 hour period. YOC's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours YOC's volume is below its average with $37.08 exchanged.

Summary

Yocoin's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on Yocoin (YOC).